What to Do With Your Incentive Agreements in This Challenging COVID-19 Time
In this time of broad government actions due to a declared pandemic emergency, it is important to examine your incentive agreements to understand the potential risks your company faces if your company is unable to perform key obligations.
- Review your incentive agreements to confirm carefully and with specificity your obligations.
- Closely review the language of your agreements to determine if any of your obligations can be delayed due to a “force majeure” provision, a “market conditions” provision, or a similar provision.
- As soon as the crisis begins to abate, and perhaps sooner in certain situations, contact your incentive counterparty to discuss potential options.
Ohio Site Inventory Program from JobsOhio
JobsOhio, the private nonprofit economic development organization in Ohio, is developing a new initiative named the Ohio Site Inventory Program (OSIP). OSIP will provide grants and loans to support real property projects that will fill gaps in the existing supply of improved properties expected to be sought by prospects from JobsOhio’s targeted industry sectors. Read more.
Tax Sharing: California and Texas Take Different Intrastate Sales Tax Approaches Post Wayfair
In 2018, the United States Supreme Court ruled in South Dakota v. Wayfair that states may charge sales tax on purchases made from out-of-state sellers, even if the seller does not have a physical presence in the state. The a spurred legislation to address interstate sales tax for online goods, but it has also generated scrutiny of the treatment of intrastate sales in some states, including California and Texas. Read more.
William D.G. Baldwin
Aaron S. Berke
Kelly B. Bissinger
Sean P. Byrne
Bryan H. Falk
Nicholas R. House
Christopher J. Knezevic
Joseph B. Mann
Jacinto A. Núñez
J. Theodore Smith
Lindsay Doss Spillman
Jonathan K. Stock
Jill S. Tangeman
Kristin L. Woeste
Scott J. Ziance